KUALA LUMPUR: AEON Credit Bhd (M) Bhd plans to expand into India with an initial capital expenditure of US$7 million, which would be split between the company, its Japanese parent and a local partner based in India.
Managing director Yasuhiro Kasai said on Tuesday, June 14 its Indian operations would only contribute to revenue three years after it commences while it might take seven years before this segment of the business contributes substantially.
He said 75% of the US$7 million investment would be provided by the company and its Japanese parent.
Kasai added the joint venture should be finalised in the current calendar year.
Managing director Yasuhiro Kasai said on Tuesday, June 14 its Indian operations would only contribute to revenue three years after it commences while it might take seven years before this segment of the business contributes substantially.
He said 75% of the US$7 million investment would be provided by the company and its Japanese parent.
Kasai added the joint venture should be finalised in the current calendar year.
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